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The metrics are accurate at the time of publication. The percentage change is over a 14-day period.
🔸What we’re watching: Core unique active wallets (UAW) for its decentralized applications (dApps) are up 42% on the week to 1.33 million with total dApp transactions up 15% to 1.61 million, during the same time frame, DappRadar data shows.
🔸Why it matters: Over the course of a week, Core network saw its dApp activity increase, making the blockchain the ninth highest in terms of UAWs.
The network’s ability to support multiple apps and games with a high UAW base is indicative that the infrastructure can meet the demand needed for a scalable ecosystem.
This growth has been arguably fueled by Core’s gaming sector as World of Dypians has seen a 284% surge in UAW on the network to 405,360 on the week. In addition, Dmail, which is not a web3 game but a messaging system, saw a 3.4% increase to 170,560 in UAW, during the same time period.
These two applications leading the way for Core showcase the ecosystem’s ability to support an array of apps. Despite other games on Core such as FlappyCore and Pixudi seeing a decrease in user activity, the overall Core chain was able to sustain and grow its user base.
In Core’s case, UAW is a key indicator for its ecosystem growth because it can showcase that user’s are exploring its chain for games or social applications. The amount of accounts interacting with the ecosystem’s dApps could mean user’s are using the chain for more than just bitcoin yield, which is one of its primary use cases.
🔸The bigger picture: As users start to explore Core’s gaming ecosystem as well as other utility-driven apps, it may attract a wider and more diverse audience to the network.
More often than not, many users first enter the Core ecosystem seeking to earn yield on their bitcoin through its various staking solutions, such as non-custodial and dual staking. However, once onboarded, these users start to explore and engage with its dApps. And the data shows this.
This user funnel for Core looks to strengthen its presence across many sectors like gaming or social applications. In turn, it makes Core an attractive destination for both new and experienced users alike.
Initial Core Contributor Rich Rines spoke at Token2049 Dubai about yield-bearing bitcoin collateral
Myth Games launched the testnet version of its first-person shooting game to the Core network
Colend Protocol borrowed amount reached $28.1M, bringing it back in all-time high territory, according to DefiLlama
Maple Finance CEO Sid Powell spoke on the Milk Road Daily podcast about liquid staking bitcoin and general market discussion, amongst other topics
Vault Layer deployed an AI agent to Core network for vault management for bitcoin yield
B14g shared 15M CORE tokens are staked on its platform for dual-staking yield generation of 16.5% APY
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.